SGInnovate
Government fundSingapore · Seed–Series A · 24 people tracked
Investment thesis
SGInnovate focuses on growing Singapore's emerging deep tech domains, backing science- and technology-based startups tackling significant challenges. Beyond capital, it develops deep tech talent at every career stage via traineeships, courses and job placement, and works to forge connections between businesses, organisations and talent to catalyse innovation across the ecosystem. Its mission centers on empowering innovators and building a robust deep tech community in Singapore.
Source: firm website, verified Aug 3, 2026.
Team · 24 people
from the firm's website
What they invest in
from 16 of 18 portfolio companiesAI & Machine Learning ×6SaaS ×5Biotech ×3Deep Tech ×3Fintech ×3Logistics & Supply Chain ×3Advanced Manufacturing ×2Cloud Computing ×2
HQs:Singapore×8United States×4
Investments · 18 tracked
founders shown can be your intro pathAccelerated Materials builds microreactor technology combined with machine learning and automation software to develop, scale up and manufacture nanomaterials such as ceramics and metal-organic frameworks (MOFs) with control over shape, size and morphology.
AI & Machine LearningDeep TechNew Materials
Co-investorsUntroD Capital
Ackcio builds Ackcio Beam, a wireless, real-time remote monitoring system that automates data collection from sensors on industrial sites and infrastructure projects.
Advanced ManufacturingConstruction TechHardwareIoTSingapore, SG
Mobashir Mohammad(CEO)inNimantha Baranasuriya(Cofounder)in
Co-investorsAngelCentralEntrepreneur FirstFoundamentalWavemaker Partners
Ai Palette is an AI-powered consumer insights platform for CPG brands, using billions of data points from search, social, and e-retail sources to identify trends and generate product and marketing concepts.
AI & Machine LearningData & InfrastructureLogistics & Supply ChainMarketing TechMedia & EntertainmentRetail TechSaaSSingapore, SG
Som GanChoudhuri(CEO)inHimanshu Upreti(Cofounder)inSOMSUBHRA CHOUDHURI
Co-investors500 GlobalAgFunderEntrepreneur FirstExfinity VenturesKickstart InnovationTin Men Capital+2 more
SGInnovate is a Singapore-based organisation that supports the development of Deep Tech companies through talent programmes, a Deep Tech-focused job marketplace, and startup funding and investment activities.
Deep TechSingapore, SG
Co-investorsPix Vine Capital
Allay Therapeutics develops localized pain management technology designed to deliver several weeks of post-surgical pain relief.
BiotechHealthtechMedical DevicesSan Jose, US
Adam Gridley(Executive Officer, Director)Kristen Howells(Executive Officer)Josh Makower(Director)Tak Cheung(Director)Karun D. Naga(Executive Officer, Director)
BoardLeighton Read(Director)
Co-investorsArboretum VenturesLightstone VenturesNew Enterprise Associates (NEA)ClavystBio
Amai Proteins uses its Pro3 platform, combining AI computational protein design with precision fermentation, to develop designer sweet proteins that replace 40-70% of added sugar in food and beverage products without altering taste.
AI & Machine LearningBiotechFoodTech
Co-investorsJapan AngelsK3 VenturesWelltech VenturesZORA
Archisen builds turn-key indoor urban farms and produces high-quality vegetables and farm-to-fork products, combining engineering, science, and analytics.
AgTechFoodTech
Co-investorsThe Yield Lab Asia PacificThe Yield Lab
AutoWealth is a robo-advisor offering globally diversified investment portfolios built from ETFs and unit trusts, serving both retail individuals and corporate clients managing pension schemes.
AI & Machine LearningFintechSaaSSingapore, SG
Zoom offers an AI-first work platform for video communication and collaboration, used by businesses for meetings, contact center operations, and customer engagement.
Cloud ComputingEnterprise SoftwareFuture of WorkSaaSSan Jose, US
Darin Brown(Executive Officer, Director)David Kerr(Director)Eric Tobias(Director)Kelly Shearon(Director)
BoardScott D. Dorsey(Director)
Co-investorsBase PartnersBethnal Green VenturesEIT Urban Mobility AcceleratorElevate VenturesHorizons VenturesICONIQ+4 more
GoComet provides an AI-driven platform for managing cross-border supply chain and freight operations, covering purchase order management, freight rate procurement, multi-modal shipment tracking, execution, and invoice reconciliation.
AI & Machine LearningLogistics & Supply ChainSaaSSingapore, SG
Ayush Lodhi(Founder)Chitransh Sahai(Founder)Gautam Prem Jain(Founder)Mehul Katiyar(Founder)
Co-investorsIndia QuotientLeo Capital VenturesRebright PartnersLeo Capital
Lotus provides a pricing and billing platform that helps API-based companies automate usage-based pricing models, with features spanning metering, invoicing, and pricing testing; it offers both an open-source self-hosted version and paid cloud/enterprise tiers.
Enterprise SoftwareFintechSaaSNew York City, US
Mikael Nida(Founder)inDiego Escobedo(Founder)in
Co-investorsY CombinatorCRV (Charles River Ventures)Kleiner Perkins
Lucence develops ultra-sensitive liquid biopsy tests that analyze ctDNA and ctRNA to support earlier detection and personalized treatment decisions for conditions such as cancer and cardiovascular risk.
AI & Machine LearningBiotechDigital Health
Co-investorsOpenspace VenturesHeliconia Capital
Propine provides custody services for digital assets held by institutions.
Advanced ManufacturingLogistics & Supply ChainSingapore, SG
Tuhina Singh(CEO)inZan Wong(Founding CTO)in
Co-investorsEntrepreneur FirstWoodstock FundChainFund CapitalDecacorn CapitalLuneX Ventures
Seed offers mobile banking services tailored to small business owners, providing digital banking tools and support services for business management.
FintechSan Francisco, US
Brian Merritt(Founder/CEO)inRyan Hildebrand(Founder)in
Co-investorsY CombinatorAtomicoDCVC (Data Collective)Spintop Ventures
SpeQtral develops quantum key distribution technology for secure communications, offering both satellite-based and fiber-optic terrestrial solutions to protect critical infrastructure against quantum computing threats.
CybersecurityQuantum ComputingSpace TechSingapore, SG
Robert Bedington(Founder)in
Co-investorsBatshit Crazy VenturesGolden Gate VenturesXoraShasta VenturesSpace Capital
Transcelestial builds laser communication technology that delivers high-speed internet connectivity using compact wireless optical devices as an alternative to fiber.
Cloud ComputingDeep TechDeveloper ToolsHardwareMedia & EntertainmentSpace TechSingapore, SG
Rohit Jha(CEO)inMohammad Danesh(CTO)inYuichiro Hikosaka
Co-investors500 GlobalBeyond Earth VenturesCapria VenturesChampion Hill VenturesEntrepreneur FirstIn-Q-Tel+4 more
Portfolio news
latest coverage across their companiesSeed · eu-startups.com · Aug 20, 2026
AutoWealth · growbeansprout.com · Jul 30, 2026
Docket HQ · simplywall.st · Jul 18, 2026
Speqtral · techround.co.uk · Jul 17, 2026
Lotus · thequantuminsider.com · Jul 17, 2026
Transcelestial Technologies · dealstreetasia.medium.com · Aug 6, 2025
Allay Therapeutics · worldpharmaceuticals.net · Jun 6, 2025
Accelerated Materials · enterprise.cam.ac.uk · Apr 16, 2025
Frequently asked questions
- How many investments has SGInnovate made?
- SGInnovate has 10 tracked investments, including 1 dated in the last 24 months.
- What stage does SGInnovate invest at?
- SGInnovate invests at the Seed, Series A stages.
- What is SGInnovate's typical check size?
- SGInnovate typically writes checks of $652K – $18M.
- What sectors does SGInnovate focus on?
- SGInnovate focuses on AgTech, AI & Machine Learning, Biotech, Cybersecurity, Deep Tech, Energy, Fintech, Medical Devices, New Materials, Quantum Computing, Semiconductors, Space Tech.
- Where is SGInnovate located?
- SGInnovate is headquartered in Singapore, SG.
- Who does SGInnovate co-invest with?
- SGInnovate most often shares deals with Entrepreneur First, Arboretum Ventures, Lightstone Ventures, among 19 tracked co-investors.
Media · Podcasts & interviews
featuring the teamExcellerator 2023: Dr Lim Jui, CEO of SGInnovate
GlobalBiotechRevolution · Dr Lim Jui
Similar investors
DCVC (Data Collective) is a deep tech venture capital firm that backs entrepreneurs using computational approaches to solve large-scale real-world problems across many industries.
Khosla Ventures is a venture capital firm that invests in early-stage companies focused on technology, mobile, and clean energy sectors, including biotechnology applications. The firm provides capital and strategic support to entrepreneurs developing breakthrough technologies across multiple markets.
Everywhere Ventures is an early-stage venture firm, backed by a community of founders and operators as LPs, that writes early checks (including pre-seed) into startups across many sectors and geographies.
Vesna is a deep-tech venture fund, described as the first Slovenian-Croatian deep tech fund, backed by the European Investment Fund, investing in early-stage technologies spun out of Slovenian and Croatian R&D institutions.
Amadeus Capital Partners is a technology investment firm that backs founders building complex, science-led and deep tech businesses, supporting them over the long term as they scale internationally.